Outside the top 10, the average age of the top 1,000 streaming songs increased, continuing a years-long trend.
Even as business boomed amid global streaming growth and the widespread return of live shows, the value of 20 companies on the Billboard Global Music Index fell 36.4% last year.
In a year without major IPOs, the majority of the most valuable music business deals involved catalog acquisitions in one way or another.
The Billboard Global Music Index is up 12.6% over the last two weeks and 14.6% in the five weeks since Oct. 28
Spotify and Universal Music Group should have much to say about the direction of the music business.
Companies like Spotify and Deezer are ramping up their efforts to hook their users on products with better margins, from the spoken word to a wellness app.
Spotify accounted for 36% of Billboard's Global Music Index’s year-to-date value decrease.
